|
|
First off I would be infamous and loving it. Most likely deflation would occur, first in housing markets, then construction and following in every aspect of American business. Alan Greenspan would have a heart attack, and die. His predecessor would have to lower interest rates to prop up the economy. Prices would fall and the stock markets would crumble. It would be known as the second great depression. Economic equalization would occur, that is to say we all would be in the same boat... poor. Because that's the only way economic equalization can occur. There is no way for everyone to be rich, because the rich need the poor masses to suck off in order to keep accumulating their wealth. The question is would we or should we care? Those out of debt and self sufficient would not be affected at all. We would still have our cheap houses, our cheap cars our life styles in tact. Corporate America would have to downsize those greedy idiots with the six figure incomes because most of America is already working at or near minimum wage or under union contracts. Then we could buy up their nice houses at bargain prices.. As prices fall exports would rise and we would start the cycle all over again. That is the way a Capitalistic system is supposed to operate.
~ Return to John Galt Jr